Operations & Maintenance
Bourbon Q3 Revenues Down Despite Forex Boost
Bourbon has posted higher revenue for the first nine months of 2015, despite reporting a drop in utilization rates and average daily rate in all segments. Namely, a strong US dollar and an increase in the size of the fleet has pushed Bourbon’s revenues up by 6.8 per cent year-on-year. In the first n
Highlights of the Month: October 2015
DONG to Build World’s Biggest Offshore Wind Farm DONG Energy decided to construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19 km off the west coast of Britain. Van Oord: Dredging Companies Venturing into Offshore Wind (Interview) During the Offshore Ener
Subsea in October
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The month of October marked announcements from some of the major subsea players including Subsea 7, Technip and Saipem. The trio managed to secure new contracts i
RenewableUK: New health and safety accord for wind and marine sectors
RenewableUK is launching a new accord today, November 3, 2015, which allows its member companies to demonstrate their commitment to supporting the health and safety standards in wind, wave and tidal energy. According to RenewableUK, signing up to the accord means that companies are committing themse
New Subsea Cable to Connect Cyprus and Greece
Cyta and Telecom Italia Sparkle announced that the new KIMONAS subsea cable subsystem linking Cyprus with Crete will come into full commercial service by the end of 2015. KIMONAS will be Cyta’s first wholly owned optical fibre cable subsystem connecting Cyprus and Greece. The subsystem, that will co
AquaComms Picks Ciena for AEConnect Subsea Link
AquaComms has selected Ciena to facilitate 100G connectivity on its new AEConnect subsea cable system from New York to London, and beyond to greater Europe. Leveraging Ciena’s GeoMesh solution, AquaComms will provide low-latency, reliable and scalable connectivity to support the needs of the web-sca
Island Offshore in Vessel Lay-Up
Island Offshore has decided to lay up the ROV and survey vessel Island Spirit for the winter season. Island Spirit performs IMR work, survey work and ROV operations, however, the company said it expects the activity in this segment is to decline in the coming months. “We are working on relocating so
MMT Scoops Kriegers Flak Cable Route Survey Gig
Swedish marine survey specialist, MMT, has been awarded a contract for a survey job related to Kriegers Flak’s subsea cable route. As part of the Kriegers Flak (KF) Combined Grid Solution (CGS) the Danish TSO Energinet.dk and the German TSO 50Hertz Transmission GmbH is preparing the installation of
ALL NRG Group Acquires WTG Partners
ALL NRG Group has acquired WTG Partners, a Danish wind turbine advisory and inspection company. WTG Partners is the fourth company acquired by ALL NRG Group, which says it aims to set up a one-stop-shop for wind turbine manufacturers and wind farm owners by bringing together suppliers in both offsho
Tidal Sails to raise tides in Norway
Norwegian-based tidal energy developer, Tidal Sails, has received all the necessary permits to develop a 4 MW tidal energy power plant in Kvalsund Strait, near Hammerfest, Northern Norway. According to Are Børgesen, Chairman and Founder of Tidal Sails, the project proposal is up for European Commiss
Gassco to Run Utsira High Gas Pipeline
Gassco has taken over the operatorship of the new Utsira High gas pipe (UHGP), which will transport rich gas to Britain’s Scottish Area Gas Evacuation (Sage) system and St Fergus in Scotland. Running for 94 kilometres, this pipeline starts at the Edvard Grieg field about 57 kilometres north of Sleip
Akastor Posts NOK 1.37 Bln Loss
Oilfield services investment company, Akastor, has booked a third-quarter 2015 loss as impairments hit the Group’s earnings and revenues slid on weak market. The Oslo-listed company recorded loss of NOK 1.37 billion ($162 million) for the third quarter 2015 and loss for the first nine months of NOK
WES: £2.25M for wave energy innovators
Wave Energy Scotland (WES) has allocated £2.25 million to 8 technology developers and consortia as part of its second competitive call for novel wave energy converters. The projects will receive £300,000 each to take their technologies through WES’ stage one technology development process over the p
CorPower raises €6.5 million
CorPower Ocean, a Swedish wave energy developer, has completed €6.5 million funding round for the development of its wave energy technology whose design was inspired by the pumping principles of human heart. According to CorPower, the investment will allow a third round of testing of its CorPower wa